Your Adarsh™

Letz mint some ‘ka-ching’

*Trade update. (Discover, Morgan Stanley, American Express, Master Card)

We flipped most of our Discover Financial Services (DFS) position with American Express (AXP) on Monday – July 2nd.

DFS sold at $27.9

AXP bought at $61.5

We like AXP better than DFS. Moreover, we opine AXP will has a better run up compared to MA in the second half. Though we like MA in the credit card industry…considering the latest run since May after the earnings report…..we are waiting on such a run from AXP. Counting on AXP to hit back from the latest dip down.

OUR NEXT BET IS ON AMERICAN EXPRESS.

Our core Morgan Stanley continues to go higher.

Good Luck.

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July 4, 2007 - Posted by | Blogroll, Long Term, Profited, Short Term

1 Comment »

  1. […] Our buy/swap recommendation that was made on July 2nd when the stock was trading at around $61.5 can… […]

    Pingback by *AXP pays off (Swapped Discover for American Express) « Your Adarsh | August 9, 2007 | Reply


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